Springfield Real Estate
4 active listings · 30 sold in the past 12mo
$150,000
Median List Price
30
Sold (past 12mo)
57
Avg Days on Market
+7.0%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Springfield Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Springfield and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(4)
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For Sale
1/28
$182,000
16 Oak Grove Road, Springfield, MI 49037
3 bd2 ba1,415 sqft0.24 ac
Single Family
For Sale
1/24
$155,000
2961 W Dickman Road, Springfield, MI 49037
2 bd1 ba876 sqft0.18 ac
Single Family
For Sale
1/15
$145,000
30 Avenue B, Springfield, MI 49037
3 bd1 ba864 sqft0.17 ac
Single Family
Under Contract
1/18
$95,000
240 N 25th Street, Springfield, MI 49037
2 bd1 ba720 sqft0.13 ac
Single Family
Recently Sold(30)
Frequently Asked Questions about Springfield
What is the current real estate inventory in Springfield?
Buyers in Springfield can choose from 4 active listings. The median asking price is $150,000.
What are home prices like in Springfield?
Based on 30 sales in the past year, homes in Springfield have a median price of $150,000.
What is the average days on market in Springfield?
Over the past year, homes in Springfield spent an average of 57 days on market before selling.
Which school districts cover Springfield?
Multiple school districts may serve Springfield. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How competitive is the Springfield real estate market?
Springfield is currently a seller's market, with 1.6 months of supply. That ratio comes from 4 active listings relative to 30 sales per year.
What are property taxes like in Springfield?
Property taxes in Springfield are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Springfield?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Springfield is +7.0%. Shrinking household sizes (from 2.4 to 2.33 persons per household) have increased the number of households needing housing by 149 since 2009 — independent of the 3.9% population growth. This is a secondary demographic indicator, not a primary market measure.